COINOTAG reported on February 5th that the latest data from CryptoQuant indicates a significant trend for Bitcoin, as its funding rate has dipped into negative territory for the seventh time
Huge overnight inflows to XRP and Ethereum suggest bulls are not done
Bitcoin struggles to hold above $100,000 amidst market uncertainty. Recent trends indicate significant downward pressure on Bitcoin’s price. Continue Reading: Bitcoin Struggles to Maintain Momentum as Market Uncertainty Grows The post Bitcoin Struggles to Maintain Momentum as Market Uncertainty Grows appeared first on COINTURK NEWS .
The post Bybit Registers with India’s FIU, Eyes Full License In A Week appeared first on Coinpedia Fintech News Bybit, one of the world’s largest crypto exchanges, has taken a major step toward resuming full operations in India. The company has successfully registered with India’s Financial Intelligence Unit (FIU), clearing a significant regulatory hurdle after past compliance issues. Bybit Secures FIU Registration On February 5, Bybit announced that it had officially registered with India’s FIU, a critical requirement for any financial entity operating in the region. Vikas Gupta, Bybit’s country manager for India, expressed confidence in the process, stating that the exchange expects to secure its full operational license in the coming weeks. This comes after the exchange faced regulatory trouble, leading to a temporary halt of its services in India last month. As part of the registration process, Bybit has to pay a fine of $1.06 million for previous violations under the Prevention of Money Laundering Act (PMLA) of 2005. With this settlement, the company has effectively resolved all outstanding compliance issues, paving the way for a smoother regulatory path ahead. The exchange even ensured its commitment to working closely with Indian authorities, guaranteeing full compliance with the country’s financial laws. Pursuing a VDASP License Beyond its FIU registration, Bybit is aiming for a Virtual Digital Asset Service Provider (VDASP) license, which would allow it to fully operate in India’s crypto market. The exchange submitted its application for VDASP registration on June 26, 2024, and is now awaiting approval. This update comes shortly after Bybit suspended its services in India due to evolving regulatory concerns. However, the latest progress suggests the company is actively working toward a full comeback. India’s Strong Stance on Crypto Bybit isn’t the only crypto exchange facing action from Indian authorities. Binance, KuCoin, and OKX have also encountered challenges, with tougher rules on registration and compliance. However, both Binance and KuCoin have agreed to follow India’s PMLA rules and resumed operations in the country after securing regulatory approval . These changes show that India is taking a stronger stance on regulating the crypto industry, setting clear guidelines, and penalizing those who don’t follow them.
Google’s ready to upgrade its AI toolbox. CEO Sundar Pichai announced that the company would be making a small investment in its capital expenditures category. Nothing much, really. Just $75B. And while he didn’t break down exactly how much would go towards Google’s AI efforts, it’s clear that a lot of that figure – maybe the vast majority – will be spent building out Google’s AI infrastructure. What does that mean for the projects vying to become the next big AI crypto coins? Google’s revenue last year was over $95B, and a lot of that came from AI – they clearly expect that number to go up. Here are 4 projects that could be ready to take their own piece of the profitable AI pie. MIND of Pepe ($MIND) – AI’s Mind, Pepe’s Body Grab the supercharged mental energy of AI, and put that head on $PEPE’s memecoin body. Sound like a creation from Dr. Frankenstein’s lab? Perhaps, but MIND of Pepe is no monster. It’s a meme coin with the potential to transform the market with an autonomous AI agent, one with the ability to watch the market, learn from it, and even launch its own tokens. In other words, there’s genuine utility here, and that sets MIND of Pepe apart from its meme coin competitors. Autonomous AI agents aren’t new, but none of them has broken through yet. Giving AI the power of Pepe might just do the trick. $MIND’s tokenomics reserve a full 25% of available tokens for the eventual MIND agent. That’s a significant investment in the long-term success of MIND of Pepe. Can MIND of Pepe succeed where other AI agents have failed? With over $5M raised so far, $MIND is off to a good start, joining a list of the best crypto presales with major upside. Visit the MIND of Pepe presale to learn more. Phala Network ($PHA) – AI Agents in a Trustless Environment for Next-Gen Development Phala Network uses LLM models to allow users to deploy their own smart-contract based AI agents. There’s a lot of technology that goes into the concept, but the core idea is simple; Phala Network lets users launch their own AI agents. The trick is in Phala’s Trusted Execution Environments, which takes the old idea of working with everyone while trusting no one literally. Phala’s TEEs let the network preserve decentralization and security while allowing users to set their own priorities for individual AI agents. The Phala Network structure is complicated but powerful; as the project grows, it could set the standard for AI agent deployment. $PHA currently trades at $0.16, up 62% for the year. Ai16z ($AI16Z) – AI Venture Capital DAO What if you took your normal, run-of-the-mill venture capital firm, but added AI agents? That’s the core of ai16z. It’s outlandish, and pushes the boundaries of what AI agents can do. At the same time, it raises the question – just how far can AI agents go on their own? If MIND can launch tokens, why can’t ai16z run a venture capital firm? So far, $AI16Z’s token performance indicates that there’s a lot of interest in the concept, even if full deployment hasn’t happened. The ElizaOS project behind ai16z has structured the DAO so that the various AI agents operate in a ‘marketplace of trust,’ valuing information from certain sources higher than others. At the same time, the more the AI agents interact with each other, the more they refine each other. ai16z trades at $0.37 currently, down 2% in the past 24 hours. Artificial Superintelligence Alliance ($FET) – Big Name for a Big AI Vision Now rebranded as Fetch.ai, Artificial Superintelligence Alliance dominates the emerging AI agent space. Fetch.ai offers a technology stack to allow developers to build and launch AI agents rapidly. In that regard, it’s similar to Phala Network. But Fetch.ai lets developers create AI agents from scratch or draw from an existing library of AI agents – universal agents, or uAgents. In addition, the Fetch Network serves as the foundation for everything build on top, from AI agents to the central AI engine. All of the agents, both uAgents and custom-built agents, are listed in the Fetch Almanac, which identifies where everything is on the blockchain. All of it adds up to Fetch’s increasingly sophisticated approach to the growing market for AI agents. Will MIND Take Its Place In List of AI Agent Leaders? Market analysts are bullish on AI’s future. There’s clearly vast interest in AI development; Google isn’t spending billions for no reason. The question is which projects will be able to use existing tech and deliver market-changing results. Do your own research of course. This isn’t financial advice, so make sure you know what you’re investing in. Crypto is volatile, and emerging sectors like AI are even more so. Losses are always possible. The best AI agent coins will continue to grow in 2025; will one of these projects, perhaps even MIND of Pepe, take off?
India’s financial regulator has fined Bybit $1 million for failing to register under the Prevention of Money Laundering Act, leaving its compliance status unclear.
Bitcoin (BTC) has long been the standard for cryptocurrency investments, while Ripple (XRP) dominates cross-border payments. However, THE OFFICIALMAGACOIN is emerging as a potential game-changer, with analysts predicting a breakout of up to 50,000%. What Makes THE OFFICIALMAGACOIN Stand Out? 1. Limited Supply for Maximum Value: With a total supply of 100 billion tokens, THE OFFICIALMAGACOIN leverages a deflationary model to ensure scarcity and drive demand. This gives it a major edge over tokens like Solana (SOL) and Kaspa (KAS), which have higher supply and more gradual demand growth. 2. Exclusive Sale Platform: THE OFFICIALMAGACOIN is only available at OFFICIALMAGACOIN , adding an exclusive appeal that many competitors lack. Unlike Solana or Optimism (OP), which are widely traded, this controlled distribution creates a sense of urgency for early investors. 3. Early-Stage Momentum: Raising $1 million within minutes, THE OFFICIALMAGACOIN has already proven its market appeal. With predictions of a 50,000% increase, it’s capturing attention as a high-potential token for investors seeking exponential returns. How It Stacks Up Against the Competition Solana (SOL, $25.01): Known for speed and scalability, but it lacks the exclusive presale advantage and early momentum of THE OFFICIALMAGACOIN. Kaspa (KAS, $0.12): A rising star in blockchain, yet its growth doesn’t match the explosive potential seen in this new token. Optimism (OP, $1.72): A solid project for scalability, but it’s overshadowed by THE OFFICIALMAGACOIN’s unique market positioning. Act Now Before It’s Too Late Analysts are calling THE OFFICIALMAGACOIN one of the most promising tokens for 2025, with unparalleled growth potential. Don’t miss this exclusive chance to invest in a token poised for a 50,000% breakout. Secure your tokens today, exclusively at OFFICIALMAGACOIN Website: officialmagacoin.com X/Twitter: https://x.com/officialMAGAx Continue Reading: 50x Growth in Sight? Why Solana & XRP Are Set for a Legendary Comeback!
Ether and bitcoin ETFs enjoyed significant inflows on Tuesday, Feb. 4, as market momentum continues to pick up after a volatile start to the week. Investors Pile on Ether ETFs As Total Net Assets Cross $10 Billion Ether exchange-traded funds (ETFs) crossed $10 billion in total net assets after attracting $308 million in inflows on
Olas, the 2021 founded Crypto*AI project and a pioneer in creating AI agents enabling automation in the crypto world, made a significant announcement on Tuesday. After receiving $13.5 million in funding organised by 1kxnetwork, it made the World’s first AI agent app store, Pearl, live as a desktop application. The funding received was followed up by the launch of $1 million in Grants for Agent developers under the initiative of Olas Accelerator. The $13.5 million funding saw funds coming in from various global Venture Capital funds such as Tioga Capital, Borderless, ARKN Ventures, Generatives Ventures, Metropolis, Keyrock, Smape, Sigil Fund, Zee Prime Capital, Very Early, Perridon Ventures, Spaceship. The core contributor Olas’ fundraisers also included selected angel investors – Leo Mindyuk, Co-founder of ML Tech and Nicolas Gallet, CEO of Gallet Capital, The fundraise is set to be used for accelerating the scaling of Olas’ agent app store – Pearl. It will also be used to enhance the development of decentralized AI agents and their integration in the crypto world – making crypto actions more faster and automated. Types of AI agents offered in Pearl The customizable decentralised AI agents available on Pearl aim to provide users the complete decentralised ownership of their own AI agents, suited to their specific needs. By staking OLAS tokens, the AI agents enable automatic working for specific tasks set out by the developers. The work that can be automated by the AI agents include DeFi trading, analysing data to make informed predictions in prediction markets, say Polygon and Kaishi, or can also be used to manage and automate social media handles. The open source framework of Ola stack is used by the developers for the creation, deployment and management of autonomous AI agents. Currently, the AI agents that can be set up at Olas include: Prediction agents to forecast outcomes and place bets in prediction markets. Modius agents to invest crypto assets on users’ behalf on Mode chain. Agents.fun agent – Celo for creation of AI influencers on Celo chain that can post and perform tasks on X. Optimus agents to streamline the DeFi experience by managing users’ assets on SuperChain. Olas Accelerator: Grants for the development of new AI agents By using Proof-of-Active-Agent (PoAA) – a combination of Proof of Work (PoW) nd Proof of Stake (PoS) mechanisms – Olas has facilitated over 3 million agent transactions to date, with growth rate of 30%+ MoM. The Ethereum co-founder, Vitalik Buterin, has also backed the AI agents, arguing that such agents would be ‘ubiquitous’ in prediction markets. Moreover, the rewards mechnaism introduced by Olas last year, in the form of OLAS token, for useful agent activity is also incentivising the development of AI agents. David Minarsch, CEO of Olas said, “Pearl’s agent app store represents a significant step forward in democratizing access to AI agents. By giving everyone AI agents they can not only use, but fully own and customize, we’re turning the status quo on its head. At a time when advances in AI can seem increasingly daunting, Olas is uniquely giving control of AI back to the user.” And now, the 10 seats that are available under the Olas Accelerator initiative – to fund 10 teams rewards worth $100K for developing AI agents for Pearl – is set to accelerate the creativity of Agent Developers by coming up of innovation and new agents. In the time when AI seems to be becoming monopolist, centralised and dominating in nature, AI agents offered by the OLAS can possibly make best efforts in giving the ownership and benefits of AI in user’s hands. Three MASSIVE AI Agent Announcements LIVE NOW Pearl—The 1st "Agent App Store" Olas Accelerator—$1 million in grants for devs $13.8 Million raise led by @1kxnetwork It’s all happening NOW—read on pic.twitter.com/ezn84rK7vN — Olas (aka Autonolas) (@autonolas) February 4, 2025 The post Olas receives $13.8 million in funding, announces grant and support for its app store ‘Pearl’ appeared first on CoinGape .
El Salvador has once again purchased 12 BTC on February 4 amid a brief market downturn. The country’s Bitcoin Office tracker confirmed that 11 BTC were acquired for just over $1.1 million at an average price of $101,816 per coin, followed by an additional BTC purchase for $99,114. This latest acquisition brings the total Bitcoin holdings of the Central American nation to 6,068 BTC, valued at over $554 million. The purchase follows President Nayib Bukele’s announcement last month of a $1.4 billion financing agreement with the International Monetary Fund (IMF), which required El Salvador to scale back certain Bitcoin-related activities. Legislative Changes in El Salvador Bitcoin Policies In response to the IMF deal, El Salvador made several changes to its Bitcoin policies . One of the key adjustments involved making Bitcoin acceptance voluntary for private businesses, reversing the previous requirement for mandatory acceptance. Additionally, the government agreed to reduce its involvement in the Chivo wallet, a state-sponsored crypto payment platform. Despite these concessions, El Salvador’s Bitcoin buying spree continues unabated. The country has accumulated 21 BTC this week alone and 60 BTC in the last 30 days, according to data shared by the National Bitcoin Office on X. “The first Strategic Bitcoin Reserve in the world keeps growing, and so El Salvador keeps winning,” the office declared in a February 4 post. Bitcoin Market Movements Bitcoin’s price dipped to a 24-hour low of around $96,000 before rebounding to approximately $98,000. While still down from its intraday high of over $100,700, El Salvador capitalized on the market dip to expand its Bitcoin reserves. The decision to continue buying Bitcoin despite the IMF deal highlights President Bukele’s steadfast belief in the long-term value of digital assets. National Bitcoin Office Director Stacy Herbert stated in a December that El Salvador’s crypto ambitions remain intact, even amid international scrutiny. As one of the most prominent state actors involved in Bitcoin adoption, El Salvador’s approach continues to be a point of interest for global financial markets. The post El Salvador Adds 12 BTC Amid Market Dip, Reaffirms Crypto Commitment appeared first on TheCoinrise.com .